Signet Jewelers Ltd.’s Stock Is Buy After Today’s Bullish Options Activity

 Signet Jewelers Ltd.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Signet Jewelers Ltd. (SIG) registered an unusually high (356) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SIG increase. With 356 contracts traded and 124 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SIG161216C00095000 closed last at: $1.3 or 18.2% up. About 168,693 shares traded hands. Signet Jewelers Ltd. (NYSE:SIG) has declined 28.60% since April 7, 2016 and is downtrending. It has underperformed by 33.39% the S&P500.

Signet Jewelers Ltd. (NYSE:SIG) Ratings Coverage

Out of 15 analysts covering Signet Jewelers (NYSE:SIG), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $9700 is the highest target while $83 is the lowest. The $120.60 average target is 47.13% above today’s ($81.97) stock price. Signet Jewelers has been the topic of 32 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Citigroup initiated Signet Jewelers Ltd. (NYSE:SIG) rating on Wednesday, October 7. Citigroup has “Buy” rating and $170 price target. The firm has “Buy” rating by Nomura given on Tuesday, May 31. The stock of Signet Jewelers Ltd. (NYSE:SIG) has “Buy” rating given on Friday, August 21 by UBS. The firm has “Outperform” rating given on Friday, August 28 by Telsey Advisory Group. As per Friday, August 26, the company rating was maintained by Telsey Advisory Group. The firm has “Outperform” rating given on Wednesday, February 3 by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, June 28. The stock of Signet Jewelers Ltd. (NYSE:SIG) has “Neutral” rating given on Friday, August 26 by Citigroup. Goldman Sachs upgraded Signet Jewelers Ltd. (NYSE:SIG) on Thursday, October 29 to “Conviction Buy” rating. The company was maintained on Tuesday, August 23 by Deutsche Bank.

According to Zacks Investment Research, “Signet Jewelers Ltd. is engaged in retailing of jewelry, watches and associated services. The company operates primarily in the United States, the United Kingdom, the Republic of Ireland and the Channel Islands. Signet Jewelers Ltd., formerly known as Signet Group PLC, is based in Hamilton, Bermuda.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.28, from 1.25 in 2016Q1. The ratio dived, as 84 funds sold all Signet Jewelers Ltd. shares owned while 114 reduced positions. 56 funds bought stakes while 136 increased positions. They now own 77.93 million shares or 3.70% more from 75.15 million shares in 2016Q1.
Fred Alger Mgmt has invested 0.37% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Henderson Group Incorporated Plc has 0.01% invested in the company for 8,466 shares. Quantbot Technology Limited Partnership has 0.13% invested in the company for 14,621 shares. The Iowa-based Principal Gru Incorporated has invested 0.01% in Signet Jewelers Ltd. (NYSE:SIG). Janus Cap Mgmt Lc has invested 0.02% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Jefferies Grp Lc holds 0.02% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG) for 44,118 shares. Palouse Mngmt Inc has 0.64% invested in the company for 19,132 shares. Paloma Prtnrs Com owns 31,761 shares or 0.03% of their US portfolio. Employees Retirement Systems Of Texas last reported 141,711 shares in the company. Parkwood Limited Liability has 4,427 shares for 0.06% of their US portfolio. State Of Wisconsin Inv Board has 52,133 shares for 0.02% of their US portfolio. Northern has invested 0.02% of its portfolio in Signet Jewelers Ltd. (NYSE:SIG). Legal And General Gru Public Limited Com reported 335,716 shares or 0.03% of all its holdings. Euclid Advisors Lc reported 1,350 shares or 0% of all its holdings. Investec Asset Limited owns 1.03M shares or 0.44% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 16 insider purchases, and 0 sales for $1.35 million net activity. Shares for $73,092 were bought by Brenner Philip Joseph. On Tuesday, June 14 the insider Dennison Judith Lynn bought $41,177. 500 shares were bought by Hobbs Sebastian, worth $45,860 on Monday, July 18. $89,550 worth of Signet Jewelers Ltd. (NYSE:SIG) shares were bought by Stack Robert. Another trade for 300 shares valued at $26,664 was made by PLASKETT THOMAS G on Friday, July 22. Another trade for 400 shares valued at $35,300 was bought by Hrabak Edward. Shares for $89,910 were bought by McCluskey Helen.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The company has a market cap of $6.14 billion. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. It has a 12.51 P/E ratio. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones.

SIG Company Profile

Signet Jewelers Limited, incorporated on June 25, 2008, is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s divisions are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones. The Firm operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Firm operates approximately 3,620 stores and kiosks across over five million square feet of retail space.

More notable recent Signet Jewelers Ltd. (NYSE:SIG) news were published by: Fool.com which released: “Why Signet Jewelers Ltd. Stock Slumped Today” on May 26, 2016, also Forbes.com with their article: “Signet Jewelers Enters Oversold Territory” published on June 02, 2016, Forbes.com published: “Ex-Dividend Reminder: Coca-Cola Bottling Consolidated, Unilever and Signet …” on October 24, 2016. More interesting news about Signet Jewelers Ltd. (NYSE:SIG) were released by: Wsj.com and their article: “Signet Jewelers CEO: No Evidence of Diamond-Swapping” published on June 15, 2016 as well as Businesswire.com‘s news article titled: “Federman & Sherwood Investigates Signet Jewelers Ltd. for Possible Violations …” with publication date: June 09, 2016.

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